Eliyahu Siouni And Joseph Aghelian Purchase Bedford-Stuyvesant Multifamily Property For $1.3M
569 Monroe Street
$1,300,000
$515/SF
Building Size
2,520 SF
Asset Type
MultiFamily
Closing
Feb 24, 2025
AI
The property asset involved in this transaction is a MultiFamily building located at 569 Monroe Street in the Bedford-Stuyvesant market of Brooklyn. The transaction was completed for a price of $1,300,000.00. The asset consists of 2 units and has a total square footage of 2,520.0.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $1,300,000.00
- Address: 569 Monroe Street
- Market: Bedford-Stuyvesant, Brooklyn
- Units: 2
- Square Footage: 2,520.0
- Buyer: Eliyahu Siouni - The Siouni Organization, Joseph Aghelian - Park Slope Associates
- Seller: Dorritt Gilchrist
The deal features Eliyahu Siouni from The Siouni Organization and Joseph Aghelian from Park Slope Associates as the buyers. Dorritt Gilchrist is the seller in this transaction, highlighting the involvement of key individuals representing both sides of the deal.
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93